Weak Barbie Sales Hurt Mattel Net

By

Stephanie Kang Staff Reporter of THE WALL STREET JOURNAL

Updated Oct. 18, 2005 12:01 a.m. ET

The continuing slump in Barbie sales caused Mattel Inc.'s net income to drop 12% in the third quarter, and the toy giant said it will raise prices next year as a result of rising costs for transportation and raw materials.